In this timely episode of HKUST Superconnector Podcast, Prof. Paul Kitney unpacks one of the most critical—and often misunderstood—pillars of global economic stability: the independence of the U.S. Federal Reserve. Whether you're an investor, policymaker, or simply a global citizen, understanding how the Fed sets monetary policy and supervises the banking system is essential.
Kitney explains the Fed’s dual mandate—price stability and full employment—and the multifaceted consequences of political interference on price levels, currency exchange rates, and sovereign risk. Drawing on global examples from Turkey to Argentina, he illustrates the lessons of history related to central bank independence and economic outcomes.
From the Fisher Effect to the value of gold, this episode offers rich insights for anyone navigating today’s uncertain financial landscape.
Tune in now to hear why Fed credibility isn’t just a United States issue—it’s a global one.
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